Adam Smith Awards Yearbook 2015
This year marks the eighth anniversary of Treasury Today’s Adam Smith Awards which are now firmly recognised as the industry benchmark for corporate treasury achievement globally. The programme just goes from strength to strength and the judges this year faced their most challenging task yet, with a truly exceptional calibre and range of nominations received: 210 nominations from 23 different countries.
Looking for solutions that demonstrate the very best industry practice and innovation, the judging process has determined the winning solutions – which are showcased in the following pages as short case studies. You will notice a couple of new categories this year, which reflect the changing market in which we operate, including Best Trade Solution and Best in Class Treasury Solution in Africa. A number of the winning projects and solutions will be presented in more detail in a series of corporate Adam Smith Webinars later this year and into 2016.
We saw a record number of entries for the Top Treasury Team accolade in 2015, again demonstrating the multi-faceted projects you have been working on. However, there can only be one winner, difficult though this is, and this years’ Top Treasury Team goes to Hyundai Capital America based in Irvine, California, US.
The 2015 Adam Smith Award nominations illustrate some interesting trends happening within the industry. For example, from the submissions received, it is clear the use of cloud technology is rapidly gaining ground, a number of companies are deploying eBAM, and there are several impressive and innovative cash pooling structures being implemented.
Judging from the nominations in the Best Financing Solution category, there has also been much activity in the debt capital markets space. Companies have also taken the opportunity to review their financing arrangements with several restructuring their debt maturities and instruments.
The banks and technology vendors continue to respond to treasurers’ needs with some impressive solutions across the entire corporate treasury domain. That said, a number of submissions received this year again demonstrate that some very innovative ‘DIY’ (Do It Yourself) solutions are also being implemented.
All of us at Treasury Today wish to acknowledge your hard work, your achievements and we applaud the many applicants who participated. Thank you.